If you are like most industrial executives, you’re more focused on keeping operations humming and your sales growing than you are on understanding what is included in your building lease.
Like most good tenants, you keep the landlord’s building clean and always pay your rent on time. You typically only look at a bid document once every five years when preparing to relocate or renew. Why worry about your lease when you have years remaining?
But there are many parts of a lease that may actually expose you to more risk than you realize. Potential pitfalls could come from clauses on roof repair, HVAC, asphalt, snow removal, restoration, building insurance, environmental testing, property taxes, landscaping and more.
These areas are often overlooked in an initial lease negotiation and, as a result, can come back to haunt a tenant when they are captive in the middle of a lease.
As a tenant representative, LIDD Toronto Brokerage wants to help you reduce your lease exposure risk. That’s why we’re rolling out our 2018 Complimentary Lease Review Program, with a commitment to Sick Kid’s Hospital.
Here’s how it works:
- For every industrial lease submitted to LIDD, we will complete a comprehensive review and opinion.
• This review will include an abstract of what works for you and what works against you in the lease, as well as an opinion of where your rent stands related to the market.
- LIDD will present the assessment to you and deliver the lease abstract for your records.
- LIDD will donate $500 in your name to Sick Kid’s Hospital in Toronto.
That’s it. No strings attached.
Contact LIDD Toronto to find out more information about the program.
LIDD Toronto Brokerage
Phone: +1 (416) 548-8659